When does a coin become officially dead? - page 3.

falala69

sr. member

Activity: 248

Merit: 250

Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

When the market is not interested in that coin, simply as that. However we could extract that statement into 3 cause:
1. Because coin's dev abandon that coin (scam, no node, loss interest, etc)
2. Because so much FUD that will drive people trust gone
3. Because the price in it lowest form (~1 sat)

Pettuh4

sr. member

Activity: 812

Merit: 251

Quote from: addias on January 23, 2017, 01:28:38 AM

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

You've actually answered yourself, nobody will officially inform you that their coin is dead; you're going to have to deduce that by your own observations and you stated teo(2) of them above. All dead coins have their developers abandoning project, a drastic fall in prices on the exchanges or it is no more listed on the exchanges.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

When i say so !

..and what he said above Wink

Remember.. FUD first and ask questions later !

Herbert2020

legendary

Activity: 1946

Merit: 1137

there is nothing called officially in my opinion.
you can call a coin dead for many reasons for example:

when the developer gives up on his own project and nobody else is interested in picking up where he left off.
when the price goes to 1 satoshi and there is no buy orders and nobody is buying from the asks either.
you can even go as far as calling a coin dead when it is getting dumped real hard down to 1 satoshi
technically a coin is dead if there is no one mining it and there is no full node of it available any more.

addias

sr. member

Activity: 244

Merit: 250

I read all these threads about coins becoming officially dead. However, most of these threads are FUD. When does a coin become official dead? Is it when the developer stops developing? Is it when the coin stops trading on major exchanges?

Topic: When does a coin become officially dead? - page 3. (Read 1880 times)